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Non-taxable income

Don't overpay the IRS by including non-taxable income on your tax return. The following are the top 10 non-taxable items of income:

1) Child Support Payments

2) IRA and Pension rollovers

3) Inheritances

4) Gifts

5) Workers Compensation

6) Roth IRA qualified distributions

7) Most scholarships and fellowships

8) Health and accident benefits

9) Federal income tax refund

10) Cancellation of debt because of bankruptcy or insolvency.

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